Houston Matters

Another Drop in Houston’s Bond Rating: How Will It Affect City Finances?

Posted on · Moody’s Investors Service last week (March 16, 2016) downgraded the city of Houston’s bond rating, citing low oil prices, falling sales tax revenues, unfunded pension obligations and property tax caps among the reasons. We discuss how the city’s rating drop from Aa2 to Aa3 might affect some $3 billion in previously issued bonds and why […]